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China Construction Bank acquires 60% stake in Bank Windu

Beijing-based China Construction Bank Corp. completed the of a 60% stake inIndonesia-based PT Bank WinduKentjana International Tbk.

The Chinese lender acquired 9.98 billion shares, accordingto a Sept. 29 release. The bank did not provide further details about thetransaction.

Indonesian regulators exempted the Chinese lender from the country's40% cap on foreign ownership in local banks.